KRA targets Sh5.2trn in next three years

September 20, 2015

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By MARGARET WAHITO, The new approach forms the basis for the Sixth Plan’s theme namely, ‘Building Trust through Facilitation so as to enhance Tax Compliance’. Photo/FILE.NAIROBI, Kenya, Sep 19- The Kenya Revenue Authority (KRA) has launched its sixth corporate plan targeting Sh 5.2 trillion for the next three years.

The new corporate plan will also provide a framework for further transformation at the authority as it seeks to facilitate Kenya’s Ease of Doing Business ranking scores among other critical elements.

“As part of the plan, KRA is committed to improving Kenya’s doing business ranking to top 50 within the next 3 years and the enhancement of Border Control as part of the overall national security improvement,” KRA’s Commissioner General John Njiraini said.

Implementation to the plan seeks to increase revenue collection from Sh1,067 million in 2014/15 to 2,050 million in 2017/18, improve the paying taxes rank from 102 to 50, raise electronic filing and payment to 80percent from as well as zero tolerance to corruption.

The new approach forms the basis for the Sixth Plan’s theme namely, ‘Building Trust through Facilitation so as to enhance Tax Compliance’.

He says the plan was developed in consultation with KRA’s internal and external stakeholders and it captures the local, regional and international trends and emerging issues in the revenue administration initiatives.

“During the Planning process it became apparent that there was a need to review and revise the Vision, mission and core values. The new Vision needed to capture KRA’s pivotal role in Kenya’s transformation. The mission needed to reflect KRA’s approach to taxpayer engagement and our core values needed to be reduced to a manageable number and to be aligned with the new direction” Njiriaini added.

During the previous Corporate Plan, the authority recorded a 15 per cent growth in revenue collection within a period of three years.

In 20012/2013 financial year, it collected a total of Sh800.5 billion which grew to Sh963.8 billion in the 2013/2014 financial year and finally hitting Sh1trillion last year.

With the new three year corporate plan, the authority now plans to increase revenue collection from the Sh1 trillion achieved last year to at least Sh2 trillion every year by 2017/2018.

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MARGARET WAHITO Margaret has been a business reporter for the past four years. She holds a Bachelors of Science degree in Communications and Public Relations from Moi University. She also holds a diploma in Film and